EMA 99 (Purple): 105,594 → Still above price, meaning long-term trend is bearish
Interpretation: Short-term momentum is bullish (since price > EMA7 and EMA25), but long-term resistance (EMA99) remains around $105,500, which could act as a strong resistance zone.
RSI (Relative Strength Index)
RSI (6): 68.81
Interpretation: RSI near 70 indicates approaching overbought zone. That means buying pressure is strong but might slow down soon — a pullback or correction could happen.
Overall Trend Summary
Short-term: Bullish momentum
Mid-term: Recovery phase after dip
Long-term: Still under key resistance (EMA99)
Important Levels
Type Price Level Note
Support $102,500 EMA25 & recent consolidation zone Support $98,900 24h low & strong base Resistance $104,000 Immediate resistance Resistance $105,500 EMA99 level (major resistance)
Trading Suggestion (Not financial advice)
If you’re trading short-term:
Wait for confirmation above $104,000 for next target near $105,500.
If price drops below $102,500, expect retest near $100,000.
If you’re holding long-term (HODL):
Trend improving but not fully bullish yet.
Watch if BTC breaks and sustains above EMA99 (~$105,500) — that could signal a strong trend reversal upward.
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